MQS Management LLC Acquires New Stake in XPO, Inc. (NYSE:XPO)

MQS Management LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,239 shares of the transportation company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. purchased a new position in XPO in the 1st quarter worth about $27,000. Blue Trust Inc. grew its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC purchased a new position in shares of XPO during the second quarter worth approximately $28,000. Riverview Trust Co purchased a new position in shares of XPO during the first quarter worth approximately $31,000. Finally, ORG Partners LLC bought a new stake in shares of XPO during the first quarter valued at approximately $36,000. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

NYSE XPO opened at $112.50 on Friday. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The firm’s fifty day simple moving average is $113.22 and its two-hundred day simple moving average is $113.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $13.09 billion, a P/E ratio of 55.15, a P/E/G ratio of 1.76 and a beta of 2.11.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts forecast that XPO, Inc. will post 3.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their price target on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Stephens restated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday. Finally, Bank of America reduced their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.